KULR Technology Group (NYSEAMERICAN:KULR) Shares Down 13.8% – Should You Sell?

KULR Technology Group, Inc. (NYSEAMERICAN:KULR) was down 13.8% on Tuesday . The stock traded as low as $3.30 and last traded at $3.57. Approximately 15,752,752 shares traded hands during mid-day trading, an increase of 31% from the average daily volume of 12,033,972 shares. The stock had previously closed at $4.14.

KULR Technology Group Trading Down 14.3 %

The firm has a market capitalization of $849.44 million, a PE ratio of -29.58 and a beta of 3.17. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.81 and a quick ratio of 0.71.

Institutional Trading of KULR Technology Group

Several large investors have recently made changes to their positions in KULR. Virtu Financial LLC bought a new stake in KULR Technology Group during the third quarter worth $29,000. XTX Topco Ltd bought a new stake in shares of KULR Technology Group during the 2nd quarter worth $31,000. Finally, Geode Capital Management LLC boosted its stake in KULR Technology Group by 44.5% in the third quarter. Geode Capital Management LLC now owns 1,555,255 shares of the company’s stock valued at $443,000 after buying an additional 479,026 shares in the last quarter. Institutional investors and hedge funds own 21.23% of the company’s stock.

About KULR Technology Group

KULR Technology Group, Inc, through its subsidiary, KULR Technology Corporation, develops and commercializes thermal management technologies for electronics, batteries, and other components applications in the United States. It provides lithium-ion battery thermal runaway shields; automated battery cell screening and test systems; cellchecks; safecases; fiber thermal interface materials; phase change material heat sinks; internal short circuit devices; and CRUX cathodes.